Gladstone Investment (GAIN) Financial Statements & Analysis

Gladstone Investment Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Gladstone Investment Corporation income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Revenue & Gross Profit
Revenue	177.52	61.63	87.31	32.66	112.23	56.63	11.96	105.38	69.36	52.94
Cost of Revenue	57.63	28.25	24.12	15.88	13.08	4.44	3.96	6.15	4.03	3.54
Gross Profit	13.85	93.66	87.31	81.54	99.15	56.63	8.01	99.23	65.33	49.40
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	6.14	8.21	39.10	7.00	6.40	23.83	6.42	6.12	4.12	4.19
Operating Expenses	-7.24	-3.69	39.10	-2.89	-3.17	23.83	15.24	17.64	4.64	4.63
Operating Income	225.77	59.19	48.20	54.68	102.32	32.80	-7.23	81.59	60.69	44.76
Other Income/Expense
Interest Income	89.74	83.61	81.79	60.28	59.65	47.16	49.55	49.63	48.80	46.15
Interest Expense	37.14	28.25	-26.43	15.88	13.08	-14.86	3.96	6.15	4.03	3.54
Other Income/Expense	-41.02	0.00	-0.03	0.03	0.00	0.02	0.00	0.00	0.00	0.00
Income
Income Before Tax	184.75	65.32	85.31	35.55	102.32	42.45	-7.23	81.59	60.69	44.76
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	184.75	65.32	85.31	35.55	102.32	42.45	-7.23	81.59	60.69	44.76
Net Income - Continuous Operations	184.75	65.32	85.31	35.55	102.32	42.45	-7.23	81.59	60.69	44.76
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	225.77	65.32	85.31	47.77	102.32	42.45	-7.23	82.09	61.19	44.84
EBIT	37.27	59.19	48.20	54.68	32.18	32.80	-	-	-	-
Depreciation & Amortization	0.00	0.00	0.00	12.22	0.00	0.00	0.00	0.50	0.50	0.08
Earnings Per Share
Basic EPS	5.00	2.00	2.00	1.00	3.00	1.00	-	2.00	2.00	1.00
Diluted EPS	5.00	2.00	2.00	1.00	3.00	1.00	-	2.00	2.00	1.00
Basic Shares Outstanding	38.71	36.74	34.47	33.31	33.21	33.18	32.87	32.81	32.27	30.27
Diluted Shares Outstanding	38.71	36.74	34.47	33.31	33.21	33.18	32.87	32.81	32.27	30.27

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Gladstone Investment Financial Statements

What was Gladstone Investment's revenue in fiscal 2026?

Gladstone Investment reported revenue of $177.52M in fiscal 2026 (fiscal year ended Mar 31, 2026). That was up 188.0% from $61.63M a year earlier.

Is Gladstone Investment profitable?

Yes. Gladstone Investment earned net income of $184.75M in fiscal 2026, a net margin of 104.1%. In fiscal 2025 it earned $65.32M.

What is Gladstone Investment's operating margin?

Gladstone Investment's operating income was $225.77M on revenue of $177.52M in fiscal 2026, an operating margin of 127.2%, compared with 96.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition